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Technology Stocks : Vitesse Semiconductor

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To: Robin who wrote (135)6/27/1996 4:27:00 PM
From: Jim Roof   of 4710
 
You've got me! And in the last 2 hours of trading? I, a technical trader, even checked for news. I was short at 24 3/8 and covered yesterday at 19. But I screwed up and went short again today at 22 when it appeared to be floundering there. Oh, well. As I am ready to admit, impatience has hurt me a number of times.

I think this may help. 26 is the neckline of the H&S top and this should be a tough area to get through. This MAY be an excellent short right now. I am clueless though as to why it moved like it did.

I have to remind myself that they go down fast too.

Jim
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